Common use of Agent as Attorney Clause in Contracts

Agent as Attorney. Company hereby irrevocably appoints Agent the true and lawful attorney of Company (with full power of substitution) in the name, place and stead of, and at the expense of, Company at any time after the occurrence and during the continuation of an Event of Default (i) to ask, demand, collect, sue xxx, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Aircraft Collateral and Aircraft Related Collateral, (ii) to make all necessary transfers of all or any part of the Aircraft Collateral and Aircraft Related Collateral in connection with any sale, lease or other disposition made pursuant hereto, (iii) to execute and deliver for value all necessary or appropriate bills of sale, assignments and other instruments in connection with any such sale, lease or other disposition, and (iv) generally to do, at Agent's option and Company's cost and expense, at any time, or from time to time, all acts and things that Agent deems necessary to protect, preserve or realize upon the Aircraft Collateral and Aircraft Related Collateral and Agent's security interest therein, in order to effect the intent of this Mortgage, all as fully and effectively as Company might do, Company hereby ratifying and confirming all that its said attorney (or any substitute) shall lawfully do hereunder and pursuant hereto.

Agent as Attorney. The Company hereby irrevocably appoints the Agent the true and lawful attorney of the Company (with full power of substitution) in the name, place and stead of, and at the expense of, the Company at any time after the occurrence and during the continuation of an Event of Default (i) to ask, demand, collect, sue xxxxxx for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Aircraft Collateral and Aircraft Related Collateral, (ii) to make all necessary transfers of all or any part of the Aircraft Collateral and Aircraft Related Collateral in connection with any sale, lease or other disposition made pursuant hereto, (iii) to execute and deliver for value all necessary or appropriate bills of sale, assignments and other instruments in connection with any such sale, lease or other disposition, and (iv) generally to do, at the Agent's option and the Company's cost and expense, at any time, or from time to time, all acts and things that the Agent deems necessary to protect, preserve or realize upon the Aircraft Collateral and Aircraft Related Collateral and the Agent's security interest therein, in order to effect the intent of this Mortgage, all as fully and effectively as the Company might do, the Company hereby ratifying and confirming all that its said attorney (or any substitute) shall lawfully do hereunder and pursuant hereto.